household spending

Economics Is Easy When You Don’t Have To Try

By |2018-12-07T16:18:46+00:00December 7th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The real question is why no one says anything. They can continue to make these grossly untrue, often contradictory statements without fear of having to explain themselves. Don’t even think about repercussions. Even in front of politicians ostensibly being there on behalf of the public, pedigree still matters more than results. It’s actually worse than [...]

BoJ On 2.3%: ‘the decline in the unemployment rate is insufficient’

By |2018-11-06T16:06:39+00:00November 6th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The 21st century central banker is a unicorn chaser. This has happened by default, a product of too little success despite ever-increasing interventions. In fact, the bigger these policy intrusions become the more likely it is the central bankers will attempt to turn something small into something big. It doesn’t matter that economies are noisy [...]

Japan’s Not Really A Domino, Though The Timing Is Right

By |2018-09-07T17:41:19+00:00September 7th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

This year is just different. Increasingly so. Not just in one or two places, either, but in way too many places. In Japan, for instance, real Household Spending rose by the smallest amount in July, according to the latest estimates from Statistics Japan. In 2017, this would have been a worrisome sign. In 2018, it [...]

Questions Not of Success, But of the Effectiveness of Illusion

By |2018-03-06T11:54:09+00:00March 6th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Last week, Bank of Japan Governor Haruhiko Kuroda unleashed a mini-controversy with remarks he now claims were taken somewhat out of context. On March 2, speaking before Japan’s parliament, the central banker sure sounded quite confident: Right now, the members of the policy board and I think that prices will move to reach 2 percent [...]

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